Procurement News Notice |
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| PNN | 6436 |
| Work Detail | Koppers Holdings Inc. (NYSE:KOP) VP Leslie S. Hyde sold 2,850 shares of the business’s stock in a transaction on Wednesday, August 31st. The shares were sold at an average price of $32.48, for a total transaction of $92,568.00. Following the completion of the sale, the vice president now directly owns 25,432 shares in the company, valued at approximately $826,031.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Shares of Koppers Holdings Inc. (NYSE:KOP) traded up 1.51% during midday trading on Monday, hitting $33.01. 61,077 shares of the stock traded hands. The stock has a 50 day moving average of $31.88 and a 200 day moving average of $26.23. Koppers Holdings Inc. has a 1-year low of $13.58 and a 1-year high of $33.71. The company’s market capitalization is $681.72 million. Koppers Holdings (NYSE:KOP) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.32. During the same period last year, the company posted $0.68 EPS. The company had revenue of $385.10 million for the quarter, compared to analysts’ expectations of $395.95 million. The business’s revenue for the quarter was down 10.8% on a year-over-year basis. Equities research analysts predict that Koppers Holdings Inc. will post $2.14 earnings per share for the current fiscal year. Several brokerages have issued reports on KOP. Zacks Investment Research raised shares of Koppers Holdings from a “hold” rating to a “strong-buy” rating and set a $38.00 price target on the stock in a report on Saturday, August 6th. Monness Crespi & Hardt lowered shares of Koppers Holdings from a “buy” rating to a “neutral” rating in a report on Monday, July 18th. Jefferies Group reissued a “buy” rating on shares of Koppers Holdings in a report on Wednesday, July 6th. Wunderlich boosted their price target on shares of Koppers Holdings from $32.00 to $39.00 and gave the company a “buy” rating in a report on Thursday, June 30th. Finally, Barrington Research began coverage on shares of Koppers Holdings in a report on Wednesday, June 8th. They issued an “outperform” rating and a $39.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $36.60. Koppers Holdings Inc is an integrated global provider of treated wood products, wood treatment chemicals and carbon compounds. The Company operates through three business segments: Railroad and Utility Products and Services (RUPS), Carbon Materials and Chemicals (CMC) and Performance Chemicals (PC). The Railroad and Utility Products and Services segment sells treated and untreated wood products, rail joint bars and services primarily to the railroad industry and treated wood products to the utility industry. |
| Country | United States , Northern America |
| Industry | Financial Services |
| Entry Date | 15 Oct 2016 |
| Source | http://www.thecerbatgem.com/2016/09/05/koppers-holdings-inc-kop-vp-leslie-s-hyde-sells-2850-shares-of-stock/ |
